At Griegers Motors, your Dodge dealership in Michigan City, we know buying a car can put a strain on your household budget. Your monthly payment is based on the value of the car, the interest rate and length of the loan, and here are some tips on ways to bring the payment down.
Check Your Credit Score
Before buying, check your credit score, and if it’s low, pay off some of your accumulated debts first to raise the score. The higher your credit score, the lower the interest rate on a car loan and the lower the monthly payment.
Boost Your Down Payment
In addition to your trade-in, try to add a few thousand dollars to reduce the car loan and the monthly payment.
Extend The Length Of The Loan
Extending the loan for a year or two reduces the monthly payment, but remember it also increases the total amount you pay over the life of the loan in interest.
Consider Something Less Expensive
Can you really afford a new car? If you’re not sure, remember Griegers Motors in Michigan City maintains a great inventory of certified, pre-owned vehicles, and one of them may be just right for your budget.
Whatever your choice, new or pre-owned, come by our Dodge dealership in Michigan City and give us the chance to put you in a vehicle you’ll be proud to own and drive for years to come.
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The displayed pricing is subject to potential variations between the online platform and the dealership due to supply chain limitations. It is important to note that the presented pricing is non-binding and should not be construed as a formal offer. For the most current and accurate information regarding vehicle pricing, we recommend reaching out to your authorized dealer. Additionally, please be aware that all sales transactions are subject to a retainage documentation fee of $180.
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